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>> i think oracle, my top priority is my family and my second priority would be my job at oracle. all the other stuff whether it is a museum or architecture or flying airplanes or racing sail boats is a hobby. it is my pursuit of alternative stress. so i love to compete in business and all of my hobbies i am competitive, well-. >> thanks for spending the time with us. we appreciate it. the ceo of oracle. i will see you back in new york tomorrow. have a good night. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place.
>> i think oracle, my top priority is my family and my second priority would be my job at oracle. all the other stuff whether it is a museum or architecture or flying airplanes or racing sail boats is a hobby. it is my pursuit of alternative stress. so i love to compete in business and all of my hobbies i am competitive, well-. >> thanks for spending the time with us. we appreciate it. the ceo of oracle. i will see you back in new york tomorrow. have a good night. if we want to...
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also making news on oracle's dif depd. more of this interview coming up. >>> plus, kkr is one of the world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. just keeps getting worse for hewlett packard. seema mody, how bad now? >> we're continuing to watch the big moves in hewlett packard. that's the big tech lagger today. jus
also making news on oracle's dif depd. more of this interview coming up. >>> plus, kkr is one of the world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of...
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of oracle. maria sits down for an exclusive interview with larry ellison. what game changing products does the firm have in the pipeline, and what will the free-spirited ceo buy next? find out straight ahead. >>> and class action. in another exclusive, the man in charge of settling claims against convicted sexual offender jerry sandusky talks to maria about how penn state will administer proper compensation to the victims. that and a lot more is still ahead on the "closing bell." ifo improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell m
of oracle. maria sits down for an exclusive interview with larry ellison. what game changing products does the firm have in the pipeline, and what will the free-spirited ceo buy next? find out straight ahead. >>> and class action. in another exclusive, the man in charge of settling claims against convicted sexual offender jerry sandusky talks to maria about how penn state will administer proper compensation to the victims. that and a lot more is still ahead on the "closing...
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so, oracle is here now. larry ellison will say that he actually had the idea to get in the cloud a long time ago but never moved on it. so, we will see how important the cloud ultimately would be. right now the data base business clearly really the driver of this business. >> maria, they say no man is an island, but apparently, a man can own an island. >> yeah. >> or two. >> i want to know who ounce the 2% of lanai he doesn't own. would you like to be that person? i'm 2 percenter. >> he ounce 98% of the island and just acquired a new home in malibu. here is guy who living -- is living large but let's not forget who this person s he came from very -- >> came from nothing. nothing. >> built this company from the ground up. so good for him he can spend his money the way he wants to. >> very inspirational person. thank you very much for that, maria, looking forward to hearing all the details. the meantime, yahoo!'s new ceo is channeling her web dna to name her new baby and also going back to the future with the
so, oracle is here now. larry ellison will say that he actually had the idea to get in the cloud a long time ago but never moved on it. so, we will see how important the cloud ultimately would be. right now the data base business clearly really the driver of this business. >> maria, they say no man is an island, but apparently, a man can own an island. >> yeah. >> or two. >> i want to know who ounce the 2% of lanai he doesn't own. would you like to be that person? i'm 2...
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larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was in when he took over and what a spectacular job he did. it is like looking at the apple results. hp without mark herd. >> it is truly amazing with the person in the proith position might do but it is sad what the damage one person in the wrong position and charge. we are seeing bad leadership in too many posts. >>> we have a lot of economic data out tomorrow. dow industrials at 12 points. nasdaq composite at 3,135 and the s&p 500 up 5.24.
larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was...
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cnbc wealth editor robert frank has dug into the oracle ceo's expenses. robert, what have you found? >> thanks, simon. well, apparently, buying islands in hawaii, that can start to get pretty expensive. oracle's latest proxy shows that larry ellison has pledged 139 million shares as collateral to "secure certain personal indebtedness including various lines of credit." now, that means he's pledged $4.2 billion in stock for personal loans and lines of credit. why does he need so much cash? well, you might remember that ellison bought lanai, the sixth largest island in hawaii, for $500 million earlier this summer. this week he also bought another property, $37 million mansion in malibu. he already owns about five properties on the same stretch of beach. that in addition to the mansion he owns in rhode island, a giant home in san francisco, a villa in tokyo, and a 240-acre estate near paul springs that has its own 19-hole golf course. now, that's not to mention the properties he's buying around lake tahoe. now, ellison also likes his jets, his sport cars, an
cnbc wealth editor robert frank has dug into the oracle ceo's expenses. robert, what have you found? >> thanks, simon. well, apparently, buying islands in hawaii, that can start to get pretty expensive. oracle's latest proxy shows that larry ellison has pledged 139 million shares as collateral to "secure certain personal indebtedness including various lines of credit." now, that means he's pledged $4.2 billion in stock for personal loans and lines of credit. why does he need so...
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. >>> speaking to maria bartiromo, oracle says customers are starting to spend more of their i.t. budget. >> there isn't a customer we don't have who is on an austerity plan and innovation agenda at the same time. people are trying to save money at the same time to free them up to be able to invest. >> don't forget tune into u.s. closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to come on this morning's "worldwide exchange," we'll be in madrid, the latest unemployment data put further pressure on the spanish government to ask for a bailout. today from around the world. the bailout rumor mill working overtime for spain. the country sees unemployment rise again in september. banks a wait an eu report which is expected to recommend splitting retail and investment banking. and jpmorgan is hit by a lawsuit over bear stearns mortgage securities. the bank says it will contest the charges. spain saw more jobs lost in september as the crisis and austerity measures continue to weigh on the labor m
. >>> speaking to maria bartiromo, oracle says customers are starting to spend more of their i.t. budget. >> there isn't a customer we don't have who is on an austerity plan and innovation agenda at the same time. people are trying to save money at the same time to free them up to be able to invest. >> don't forget tune into u.s. closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to...
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the oracle ceo says the software maker's growth will be driven by its lineup of cloud products. they haven't planning any near acquisitions in the near term. >> oracle is the only company in the world that innovates all three layers or develops, engineers and invests at all three layers of the cloud. we think it's very difficult for a niche provider. >> that's interesting, because it almost feels for a large company to go down the path of transformational acquisition, they put the company at enormous risk. doesn't it mean it leaves private equity with more room to pick and choose the assets they want? >> yes. i think one of the most interesting things about this post-wait period has been the lack of strategic transactions from large corporates. not least because they're sitting on very large cash piles. however, if you look at the uncertainty in gdp growth around europe, in particular, it's not surprising a chief executive is not going to risk transformational acquisition, transformational deal in this kind of environment. once we can see our way through eurozone crisis, then we
the oracle ceo says the software maker's growth will be driven by its lineup of cloud products. they haven't planning any near acquisitions in the near term. >> oracle is the only company in the world that innovates all three layers or develops, engineers and invests at all three layers of the cloud. we think it's very difficult for a niche provider. >> that's interesting, because it almost feels for a large company to go down the path of transformational acquisition, they put the...
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nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm so nervous about what's coming. iswhatoming during the show? is it the debate? is it the employment report? is it 2012? >> i thought this music was -- last week, i made an error. i thought this music was the nfl music. >> no. >> it might be this -- >> china's normally robust services weakened -- >> that's the nfl. >> we've been working with it. we've been working to try and find -- if you read for a minute and a half and there's nothing underneath you, it sounds a little flat. now you're blowing the whole thing that we're trying to do. >> i'm so unsettled at this point. i'm so nervous about whatever's coming. >> i'm going to get silence. >> did we pay the same consultants for this music t
nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm so nervous about what's coming. iswhatoming during the show? is it the debate?...